First-time homebuyers in Texas made up 21% of last year’s market — up just one percentage point from the previous year’s record low.
That’s according to a new report from Texas Realtors, a political advocacy group for real estate agents. The group analyzed real estate transactions from July 2024 to June 2025.
“Today’s first-time buyers were not in the housing market during the pandemic years of low mortgage rates and quick home value increases, which may leave some of them feeling a step behind,” said Jennifer Wauhob, Texas Realtors chair. “Meanwhile, homeowners who built up some equity may be able to sell and make a substantial down payment on another home.”
Potential buyers face high home prices and mortgage rates and it often takes two incomes to afford a home. Unsurprisingly, 68% of all buyers statewide were married, while single men and women made up a quarter of buyers.
The median household income of those who purchased a home was $112,500.
Buyer’s had a median age of 58 years old, the same as in the prior period of analysis, Texas Realtors found.
That’s on par with the median age — 59 years old — of home buyers nationwide from July 2024 to June 2025, according to data from the National Association of Realtors.
It’s also not an easy market for those looking to sell their home.
Most sellers in Texas had to slash their asking prices, according to Texas Realtors’ report. Almost 75% of sellers reduced their price at least twice before the sale, up from 21% the previous year.
About a fifth of sellers had their home on the market for three months or more.
Twenty percent of Texas homes sold for $250,000 or less last year, while nearly 40% sold for $450,000 or more.